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Covid-19 pushes net leasing of office space down 73% in April-June across 8 Indian cities

Net leasing of office space plunged 73.4 per cent in the April-June period across eight major cities due to sharp fall in demand because of the Covid-19 pandemic, according to Cushman & Wakefield. Net absorption of office space stood at 37.15 lakh sq ft during April-June 2020 as against 139.85 lakh sq ft in the […]

Environment ministry panel recommends clearance for DDA housing project

NEW DELHI: An environment ministry panel has recommended clearance for a Rs 56-crore housing project of the Delhi Development Authority. The project, which will construct two 33.7-metre-high towers each with a total of 102 flats in Sector B, Vasant Kunj in south Delhi, got the nod of the ministry-constituted Expert Appraisal Committee (EAC) last month. […]

Affordable housing demand may be back to normal by Dec-Jan: DS Tripathi, CEO, Aadhar HF

NEW DELHI: Aadhar Housing Finance is hopeful of the affordable housing market getting back to normal levels by January 2021 as demand is reviving for small-ticket loans, the company’s top executive said. The firm, which caters to the home financing needs of the low-income segment, did very well during the last fiscal except for March-end […]

Credai against Centre plan to ‘reduce rates’, demand sops

The Confederation of Real Estate Developers Association of India (Credai) has opposed the Union commerce and industry minister Piyush Goyal proposal to reduce the rates of unsold inventory. Further, the body has demanded sops from the central government to help boost the real estate sector. Credai vice-president Shantilal Kataria told TOI that they sent a […]

Realty firm Sobha’s Q1 Sales Bookings Down 37% Due to Lockdown

Realty firm Sobha Ltd’s sales bookings fell 37 percent during April-June quarter to Rs 487.7 crore due to the nationwide lockdown to control the Covid-19 pandemic. Its sales bookings stood at Rs 777.7 crore in the year-ago period. In the previous quarter, bookings were down 30 per cent from Rs 694.5 crore. “During the quarter, […]

Covid-19 pushes net Leasing of office space down 73% in April-June across 8 Indian Cities

Net leasing of office space plunged 73.4 per cent in the April-June period across eight major cities due to sharp fall in demand because of the Covid-19 pandemic, according to Cushman & Wakefield. Net absorption of office space stood at 37.15 lakh sq ft during April-June 2020 as against 139.85 lakh sq ft in the […]

Gurugram civic body to survey infrastructure deficit in six colonies

GURUGRAM: The Municipal Corporation of Gurugram (MCG) is planning to conduct a survey to inspect deficit infrastructure in six private colonies, three months after the corporation approved their takeover. During the survey, a private agency appointed by the civic body will determine pending infrastructural work in Ardee City (Sector 52), Malibu Towne (Sector 47), Vipul […]

Plot registries pick up pace in Gurugram

GURUGRAM: Two months after the revenue department received a lukewarm response for registration of properties, it has now started gaining pace with 50 registries a day to 250 registries every day. “People have started coming for the registry of their apartments and houses after the Unlock 1.0. The real estate market, which had suffered a […]

Noida extends date for rescheduling of land dues for developers

In the wake of the coronavirus (Covid-19) pandemic, the Noida authority on Saturday said it has extended the date to reschedule pending land dues owed to the authority till September 30. The authority’s finance controller, Sudhir Singh, has issued an order asking developers to take benefit of this opportunity to reschedule their outstanding amount as […]

Housing sales plunged 75% due to Covid-19 pandemic’: Property brokerage firm head

Housing sales are estimated to have plunged by around 75 per cent after the outbreak of the corona virus pandemic, forcing developers to offer discounts and better payment plans to boost sales, property brokerage firm 360 Realtors said on Saturday.  Addressing a virtual press conference, 360 Realtors founder and MD Ankit Kansal said the company […]

Noida: RWAs raise civic, security and freehold property issues

NOIDA: Various RWAs on Tuesday raised civic and security issues with officials. While sector 34 RWA held a meeting with Rajneesh Verma assistant commissioner of police (ACP) regarding the safety of the sector, Arun Vihar Residents Welfare Association (AVRWA) along with FONRWA members had authority officials visit the sector to look into the problems of […]

Cabinet approves development of affordable rental housing complexes under PMAY

NEW DELHI: The Union Cabinon Wednesday approved development of Affordable Rental Housing Complexes (ARHC) for urban migrants and poor that will make housing available at affordable rent close to the place of work, the government said. As part of ARHC, existing vacant government-funded housing complexes will be converted into Affordable Rental Housing Complexes through “concession […]

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